[PicoStocks] 100TH/s bitcoin mine [100th]

[greaterninja]

Hashrate 208TH, Noncerate is *just* shy 200TN...

Cheers

Confirmed @208 TH/s
Thank you Dave and Team for the great news.
Please keep up the good work.


Very Respectfully,

GreaterNinja

[jiefangqian]

Cheers

[snowdropfore]

Cheers

are you chinese?? jiefangqian (解放前，呵呵)

[jiefangqian]

yes haha

[gobuffs20]

this thread title should be updated to showcase the mine is now at 200TH

[gebir]

100th : Reports reached 200TH/s

[RHA]

100th : Reports reached 200TH/s

reached 200TH/s
We have reached the hashrate of 200TH/s. We will expand the mine and add hashing power, but it is not yet predictable when and how much. We expect to close the expansion this year and after that we will focus on maintaining the mine. The mine will work closely with the megabigpower.com shop. Hardware scheduled for sales will be tested in the mine. This means that the mine will experience hashrate fluctuations that depend on shop hardware supply and stock.
Created on 2013-11-20 20:22:00 by Leszek Rychlewski; Published on 2013-11-20 20:28:53 by koji;

[snowdropfore]

it is so sad to know it will close the expansion this year. Does it means we wil not change the plan?

[RHA]

"We expect to close the expansion this year" doesn't mean "we will absolutely close, for sure, and nothing is going to change that".
It means "this is the plan for now, we can always change it (to continue expansion) later".

[kaerf]

We have reached the hashrate of 200TH/s. We will expand the mine and add hashing power, but it is not yet predictable when and how much. We expect to close the expansion this year and after that we will focus on maintaining the mine. The mine will work closely with the megabigpower.com shop. Hardware scheduled for sales will be tested in the mine. This means that the mine will experience hashrate fluctuations that depend on shop hardware supply and stock.

i'm more interested in this statement. dave/tytus, does this mean the mine will get the burn-in income from megabigpower for as long as megabigpower sells hardware (in perpetuity)? if not, when do you anticipate that to stop?

[buzzdave]

We have reached the hashrate of 200TH/s. We will expand the mine and add hashing power, but it is not yet predictable when and how much. We expect to close the expansion this year and after that we will focus on maintaining the mine. The mine will work closely with the megabigpower.com shop. Hardware scheduled for sales will be tested in the mine. This means that the mine will experience hashrate fluctuations that depend on shop hardware supply and stock.

i'm more interested in this statement. dave/tytus, does this mean the mine will get the burn-in income from megabigpower for as long as megabigpower sells hardware (in perpetuity)? if not, when do you anticipate that to stop?

We haven't put much detail around that yet - I understand this directly affects share price, so if we will build the mine much larger and then propose to sell it off, I'll work with Tytus to understand the impact to shareholders first.  I think he was imagining more of a daily churn, where anything over 200TH is considered an extra bonus.  However, I also don't know yet when we will start retailing again - we are watching the competition and BTC prices.  As I've stated in other threads, we won't do presales, so this is why we must get boards into stock first, prior to selling.  At this time we have no plan to start retailing anything in the near future (this can change due to market conditions or Tytus' discretion).  We will focus on mine-building until further notice.

Today: added 50TH, but the stats are down

[kaerf]

We have reached the hashrate of 200TH/s. We will expand the mine and add hashing power, but it is not yet predictable when and how much. We expect to close the expansion this year and after that we will focus on maintaining the mine. The mine will work closely with the megabigpower.com shop. Hardware scheduled for sales will be tested in the mine. This means that the mine will experience hashrate fluctuations that depend on shop hardware supply and stock.

i'm more interested in this statement. dave/tytus, does this mean the mine will get the burn-in income from megabigpower for as long as megabigpower sells hardware (in perpetuity)? if not, when do you anticipate that to stop?

We haven't put much detail around that yet - I understand this directly affects share price, so if we will build the mine much larger and then propose to sell it off, I'll work with Tytus to understand the impact to shareholders first.  I think he was imagining more of a daily churn, where anything over 200TH is considered an extra bonus.  However, I also don't know yet when we will start retailing again - we are watching the competition and BTC prices.  As I've stated in other threads, we won't do presales, so this is why we must get boards into stock first, prior to selling.  At this time we have no plan to start retailing anything in the near future (this can change due to market conditions or Tytus' discretion).  We will focus on mine-building until further notice.

Today: added 50TH, but the stats are down

thanks for the update...definitely interesting news.

[RHA]

Great!
The stats are up:  TH100 hashes now 246 TH/s, terranounces 235 TH/s.

It grew in one day, I fear how it can grow until the end of the year...

[gebir]

WOW 238700.2 GH/s thx


Dave, where are the dividends of yesterday and today?

[RHA]

Here: https://picostocks.com/stocks/bitcoins/19

Yesterday: ~140
Today: ~143

[buzzdave]

WOW 238700.2 GH/s thx


Dave, where are the dividends of yesterday and today?

Hashing at almost 300TH now

We have a bunch of blocks warming in the oven.  As we grow we have to add bitcoind servers about every 50TH, so the first day of a large growth can sometimes not produce many new blocks.  Plus there's variance as always.

Jared is bringing up something like 6 or 8 bitcoind's to handle growth, so hopefully we don't bump up against this problem.

[freebits]

WOW 238700.2 GH/s thx


Dave, where are the dividends of yesterday and today?

Hashing at almost 300TH now

We have a bunch of blocks warming in the oven.  As we grow we have to add bitcoind servers about every 50TH, so the first day of a large growth can sometimes not produce many new blocks.  Plus there's variance as always.

Jared is bringing up something like 6 or 8 bitcoind's to handle growth, so hopefully we don't bump up against this problem.

Fuck you Tom of bASIC you scammer.

[kaerf]

WOW 238700.2 GH/s thx


Dave, where are the dividends of yesterday and today?

Hashing at almost 300TH now

We have a bunch of blocks warming in the oven.  As we grow we have to add bitcoind servers about every 50TH, so the first day of a large growth can sometimes not produce many new blocks.  Plus there's variance as always.

Jared is bringing up something like 6 or 8 bitcoind's to handle growth, so hopefully we don't bump up against this problem.

wowzers...bravo!

[SebastianJu]

WOW 238700.2 GH/s thx


Dave, where are the dividends of yesterday and today?

Hashing at almost 300TH now

We have a bunch of blocks warming in the oven.  As we grow we have to add bitcoind servers about every 50TH, so the first day of a large growth can sometimes not produce many new blocks.  Plus there's variance as always.

Jared is bringing up something like 6 or 8 bitcoind's to handle growth, so hopefully we don't bump up against this problem.

Could you say a word about if you will grow the mine without endtime? If you say you will keep reinvesting and grow the hashpower i would go in again. If there is a end at some time i wouldnt. So whats the plan now? 300TH only as compensation because of the late time or will you grow constantly from now?

[kaerf]

Sounds like they will stop expansion in December